By Madison Johnson, Esq | Supervisor, Massive Markets
Greater than half of Am Regulation 200 regulation corporations have already bought Authorized AI instruments, generative synthetic intelligence developed specifically for the authorized career, and almost all massive corporations count on their funding in Gen AI applied sciences to extend over the following 5 years, according to a LexisNexis survey carried out earlier this yr.
These breakthrough instruments are having a serious influence on empowering legal professionals to work extra effectively and extra successfully, however an thrilling potential new use case for regulation corporations is already on the horizon.
Connecting Authorized AI and the DMS
As we blogged about this fall, massive regulation corporations carry out at their finest when their expert legal professionals and authorized professionals undertake a “sharing mindset” through which collaboration amongst one another — and with their shoppers — is emphasised. This requires that institutional information and authorized supply supplies are simply accessible when wanted to form authorized technique and draft consumer work product.
Sadly, this has been troublesome to attain as information programs have grown extra strong and sometimes harder to mine when legal professionals must pinpoint exact data. The agency’s entry to authorized analysis, information and data resides in an exterior supply — comparable to LexisNexis’s Lexis+ AI platform — whereas the agency’s entry to its consumer expertise and work product resides in an inside supply with its most popular doc administration system (DMS) platform.
Think about the probabilities if we might leverage the facility of know-how to assist regulation corporations get much more out their inside and exterior information sources by connecting the agency’s Authorized AI device with its DMS. What in case your authorized analysis platform was acquainted with every lawyer’s related contracts, kinds, clauses and different authorized paperwork in order that it might ship a very personalised answer to the lawyer’s particular work product wants? That day is now dawning.
4 Causes to Join
There are a variety of issues that corporations will be capable to do with rising AI-powered instruments that break down historic information silos by extracting data from each inside and exterior information databases, then delivering analysis and drafting help proper the place legal professionals are working in the meanwhile.
Listed here are 4 quick causes to attach your Authorized AI device together with your DMS platform:
- Leverage your agency’s inside information and work product to generate drafts aligned together with your agency’s skilled requirements and your legal professionals’ particular person writing types.
- Create personalised consumer profiles to make sure that AI outputs are tailor-made to your particular preferences and wishes.
- Entry an expanded vary of tailor-made use instances throughout litigation, transactions and different observe group workflows, with steady enchancment based mostly on inside consumer suggestions.
- Ship to your authorized professionals a very custom-made AI expertise by harnessing your agency’s collective information, adapting to your particular person necessities and offering focused help throughout a broad scope of authorized duties.
This Authorized AI-DMS connectivity will yield very sensible help for legal professionals. Doc drafting might be quicker because the Authorized AI device generates authorized arguments, contract clauses and consumer communications from a couple of easy consumer prompts. Authorized analysis might be extra exact as conversational search capabilities assist customers floor extra related insights and authorities. Case evaluation will enhance because the device summarizes instances, analyzes briefs and compares arguments in a matter of minutes. Even deposition preparation will turn out to be extra environment friendly because the Authorized AI-DMS connection allows the creation of potential deposition questions based mostly on the distinctive case info and witness data.
This fall, LexisNexis began previewing a third-generation launch of our Lexis+ AI platform, through which we promised to steer the trade with a serious leap ahead in personalised Authorized AI that can remodel authorized work. The centerpiece of this new launch, which we’re getting ready to roll out within the first quarter of 2025, might be a personal, trusted Authorized AI assistant that blazes a brand new path in personalised authorized analysis and drafting options by connecting a regulation agency’s Authorized AI device with its DMS platform.
Introducing LexisNexis Protégé
LexisNexis Protégé is your gateway to a world of recent prospects through which AI know-how turns into an extension of your experience. It’s a versatile Authorized AI assistant for your whole agency’s authorized wants throughout the functions that you just use most frequently — from Microsoft 365 to LexisNexis — that streamlines your duties, anticipates your intent, and delivers uniquely tailor-made work product to you, wherever you’re. This all occurs with you in management and in a personal, safe on-line setting.
Join our exclusive AI Insider program and be the primary to find LexisNexis Protégé or register for a free trial of the Lexis+ AI authorized analysis platform.
